Rogers Sugar Inc. (RSI) to Issue Quarterly Dividend of $0.09 on April 16th

Rogers Sugar Inc. (TSE:RSI) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Wednesday, April 16th will be paid a dividend of 0.09 per share on Wednesday, April 16th. This represents a $0.36 annualized dividend and a yield of 6.50%. The ex-dividend date is Friday, March 28th.

Rogers Sugar Price Performance

Shares of Rogers Sugar stock traded up C$0.04 during trading hours on Wednesday, hitting C$5.54. The company’s stock had a trading volume of 14,181 shares, compared to its average volume of 255,213. The company has a market cap of C$706.89 million, a PE ratio of 12.68 and a beta of 0.60. The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39. The business has a 50 day moving average price of C$5.56 and a two-hundred day moving average price of C$5.72. Rogers Sugar has a 12-month low of C$5.12 and a 12-month high of C$6.47.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets dropped their price target on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating for the company in a research note on Friday, February 7th. Scotiabank cut their target price on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th.

Insider Buying and Selling

In other Rogers Sugar news, Director M. Dallas H. Ross acquired 150,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of C$5.42 per share, for a total transaction of C$813,000.00. Also, Senior Officer Jean-Sebastien Couillard acquired 9,400 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of C$5.35 per share, for a total transaction of C$50,278.72. 0.28% of the stock is owned by corporate insiders.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.